FCA - PSA Merger Could Threaten The World Balance Of EV Production

This week’s announcement of a 50-50 merger between the PSA Groupe and Fiat Chrysler Automobiles (FCA) could create the world’s fourth-largest automaker. A big winner in the marriage is vehicle electrification.

The deal, if all goes well, would create an expansive portfolio of brands, including Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, and Vauxhall. The company would produce about 9 million vehicles per year.

Of course, we know that FCA’s former CEO, the late Sergio Marchionne, put a damper on EVs during his tenure. But with the merger, things would change. Carlos Tavares, the prospective CEO of the merged FCA-PSA alliance, is as gung-ho as Marchionne was uneager.

Truthy - 11/4/2019 2:59:34 PM

+6 Boost

Oh no, Scube! You mean all 2.0 percent of NA auto sales and less the .2 percent of global auto sales?!? The world is turning upside down!
The PSA/FCA merger is only a threat to PSA/FCA.

MDarringer - 11/4/2019 6:32:44 PM

-2 Boost

#BS

Ford/VW will be in the ring.

ricks0me - 11/4/2019 9:21:42 PM

+1 Boost

Matt: This could dethrone your automobile empire. You are on thin ice!!!

MDarringer - 11/4/2019 9:26:32 PM

0 Boost

How would product that people want "dethrone" my empire? The group has Ford, VW, and FCA stores.

ricks0me - 11/5/2019 5:00:27 AM

+1 Boost

Matt: I thought that you would take that as a sarcastic statement. So the threat of Peugeot does not make you nervous?
P.S. another sarcastic statement